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MERCIA ASSET MANAGEMENT PLC
FORWARD HOUSE, 17 HIGH STREET, HENLEY IN ARDEN, WARWICKSHIRE, B95 5AAPrevious name: MERCIA TECHNOLOGIES PLC (changed on 04-Jul-2019)
Company Number: 09223445
Incorporation date: 17-Sep-2014
Status: Active
Entity type: Public Limited Company
SIC codes:
64303 Activities of venture and development capital companies
SUMMARY
This company is 9.6 years old and is currently active. It is controlled by Invesco Ltd.. The company has positive equity (net assets) of GBP 141.5 million which has increased from GBP 126.1 million in the previous year. The latest reported revenue figure is GBP 12.7 million which is up 20% on previous year's figure of GBP 10.7 million. Retained earnings is negative (GBP -12.1 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 8 active officers (directors or partners) who are or were officers of 170 other companies, 38 (22.4%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: GROUP (31-Mar-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|---|---|---|---|---|---|---|
| 31-Mar-2020 | GBP | 12,747,000 | -17,833,000 | 246,000 | 26,000 | 159,000 | |
| 31-Mar-2019 | GBP | 10,675,000 | 2,004,000 | 562,000 | 54,000 | ||
| 31-Mar-2018 | GBP | 10,197,000 | 1,335,000 | 274,000 | 54,000 |
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Mar-2020 | GBP | 24,438,000 | 31,951,000 | 6,659,000 | 4,000 | 81,644,000 | -12,053,000 | 141,460,000 | |
| 31-Mar-2019 | GBP | 25,210,000 | 31,180,000 | 3,000 | 49,324,000 | 5,401,000 | 126,065,000 | ||
| 31-Mar-2018 | GBP | 42,908,000 | 53,965,000 | 3,000 | 49,324,000 | 2,977,000 | 123,470,000 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 31-Mar-2020 | GBP | 25.00% | 32,321,000 | 96,963,000 | 129,284,000 | 88,299,500 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| Active | Sarah-Louise Anne WILLIAMS | 01 Jul 2020 | 18 Apr 2024 | 1 - 0 | ||
| Resigned | Martin James GLANFIELD | 13 Nov 2014 | 01 Jul 2020 | British | 0 - 1 | |
| Resigned | Jo BLIGH | 18 Sep 2014 | 13 Nov 2014 | 0 - 1 | ||
| Resigned | Jenna Elizabeth BEEVER | 17 Sep 2014 | 18 Sep 2014 | 0 - 1 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Diane SEYMOUR-WILLIAMS | 03 Nov 2020 | Non-Executive Director | British | 3 - 9 | 2 (16.7%) | |
| Active | Caroline Bayantai PLUMB | 12 Jun 2018 | Director | British | 5 - 3 | 0 (0.0%) | |
| Active | Julian George VIGGARS | 17 Apr 2018 | Director | British | 40 - 14 | 4 (7.4%) | |
| Active | Jonathan David, Dr PELL | 22 Dec 2017 | Director | British | 4 - 12 | 5 (31.3%) | |
| Resigned | Jonathan Brett DIGGINES | 09 Mar 2016 | 26 Mar 2018 | Director | British | 9 - 85 | 24 (25.5%) |
| Resigned | Matthew Sidney MEAD | 22 Jun 2015 | 17 Apr 2018 | Chief Investment Officer | British | 4 - 49 | 2 (3.8%) |
| Resigned | Martin James LAMB | 13 Jan 2015 | 18 Sep 2017 | Director | British | 1 - 28 | 8 (27.6%) |
| Resigned | Susan Jane SEARLE | 13 Nov 2014 | 02 Jul 2019 | Director | British | 0 - 1 | 0 (0.0%) |
| Active | Martin James GLANFIELD | 13 Nov 2014 | Finance Director | British | 21 - 84 | 33 (31.4%) | |
| Active | Ian Roland METCALFE | 13 Nov 2014 | Director | British | 3 - 8 | 2 (18.2%) | |
| Active | Raymond Kenneth CHAMBERLAIN | 18 Sep 2014 | Director | British | 11 - 16 | 5 (18.5%) | |
| Active | Mark Andrew PAYTON | 18 Sep 2014 | Director | British | 36 - 19 | 5 (9.1%) | |
| Resigned | Kristian Thomas ROGERS | 17 Sep 2014 | 18 Sep 2014 | Solicitor | British | 4 - 14 | 5 (27.8%) |
| Resigned | Jenna Elizabeth BEEVER | 17 Sep 2014 | 18 Sep 2014 | Solicitor | British | 0 - 1 | 0 (0.0%) |
Average tenure of active directors: 7.5 years
Average tenure of resigned directors: 2.0 years
Average active director Dissolution Rate: 16.6%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
| Company name | Share class | Shares at confimation date | |||
|---|---|---|---|---|---|
| 2020-07-26 | 2020-07-22 | 2020-06-30 | 2020-01-30 | ||
| MERCIA ASSET MANAGEMENT PLC | ORDINARY | 100 100% | 0 0% | 55,800,000 100% | 41,275 100% |
| MERCIA ASSET MANAGEMENT PLC | A ORDINARY SHARES | 0 0% | 25,607,234 99.0% | 0 0% | 0 0% |
| MERCIA ASSET MANAGEMENT PLC | B PREFERENCE SHARES | 0 0% | 250,000 0.967% | 0 0% | 0 0% |
| MERCIA ASSET MANAGEMENT PLC | B ORDINARY SHARES | 0 0% | 5,680 0.022% | 0 0% | 0 0% |
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
MERCIA ASSET MANAGEMENT PLC
Controlled companies below
- >75%:MERCIA (GENERAL PARTNER) LIMITED (09705072 - UK) active
- 25-50%:NETACEA GROUP LIMITED (13901160 - UK) active
- >75%:MERCIA FUND MANAGEMENT LIMITED (06973399 - UK) active
- Significant influence or control:C7 HEALTH LIMITED (11171840 - UK) ceased
- Significant influence or control:BIOLOGICAL PREPARATIONS GROUP LIMITED (09233589 - UK) active
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
64303 Activities of venture and development capital companies)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| IK INVESTMENT PARTNERS LIMITED | 80 STRAND, LONDON, ENGLAND, WC2R 0DT | 02763049 | 2017-12-31 | 63,830,449 | 16,095,258 | |
| COMMITTED CAPITAL FINANCIAL SERVICES LIMITED | 148-150 BUCKINGHAM PALACE ROAD, LONDON, ENGLAND, SW1W 9TR | 03810820 | 2017-06-30 | 669,165 | 0 |
66300-Fund management activities |
| CONDUIT VENTURES GENERAL PARTNER II LIMITED | 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW | 06028941 | 2017-12-31 | 440,931 | 0 | |
| CONDUIT VENTURES LIMITED | 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW | 04293385 | 2017-12-31 | 440,931 | 0 | |
| CONDUIT VENTURES (GENERAL PARTNER) LIMITED | 3RD FLOOR, 12 GOUGH SQUARE, LONDON, ENGLAND, EC4A 3DW | 04577544 | 2017-12-31 | 424,954 | 0 | |
| EEP ADVISERS LIMITED | CITY POINT, 1 ROPEMAKER STREET, LONDON, EC2Y 9HT | 03628367 | 2017-12-31 | 295,000 | 0 | |
| ADT CAPITAL LTD | 33 ST. JAMES'S STREET, C/O ARLINGTON CAPITAL, 4TH FLOOR, LONDON, ENGLAND, SW1A 1HD | 08632356 | 2018-07-31 | 204,945 | 0 | |
| SPRINGHILL MANAGEMENT LIMITED | 12 CHANTRY QUARRY, GUILDFORD, ENGLAND, GU1 3AF | 04344472 | 2018-12-31 | 72,179 | 0 | |
| ZENRON CAPITAL LTD | 7 WHITECHAPEL ROAD, OFFICE 410, LONDON, ENGLAND, E1 1DU | 08440118 | 2018-03-31 | 66,135 | 0 |
70221-Financial management 70229-Management consultancy activities other than financial management |
| 3DI GROUP LTD | 17 SHALLOCH PARK, AYR, SCOTLAND, KA7 4HL | SC400945 | 2018-06-30 | 32,020 | 0 | |
| BIG BEN VENTURE PARTNERS LTD. | 58 GUIBAL ROAD, LONDON, ENGLAND, SE12 9LZ | 10397249 | 2018-09-30 | 26,229 | 0 |
64999-Financial intermediation not elsewhere classified |
| ANGELS NOMINEES LIMITED | IVY COTTAGE FARM, LYNDHURST ROAD MINSTEAD, LYNDHURST, HAMPSHIRE, SO43 7FY | 04198772 | 2018-04-30 | 17,068 | 0 | |
| CHORLTON CAPITAL LIMITED | THE GEORGIAN HOUSE, NIZELS LANE, HILDENBOROUGH, KENT, TN11 8NU | 04486244 | 2018-06-30 | 14,800 | 0 | |
| NEWFLEX INVESTMENTS LIMITED | 7 BELL YARD, LONDON, ENGLAND, UNITED KINGDOM, WC2A 2JR | 08791193 | 2016-11-30 | 14,215 | 0 | |
| ELIXIUM SOCIAL MARKETING LTD | 15 EDWARDS WAY, MARPLE, STOCKPORT, UNITED KINGDOM, SK6 7PX | 09529313 | 2019-04-30 | 11,470 | 0 | |
| MARTTILA LIMITED | 69 GREAT HAMPTON STREET, BIRMINGHAM, B18 6EW | 05945153 | 2018-12-31 | 10,720 | 0 |
70229-Management consultancy activities other than financial management 74909-Other professional, scientific and technical activities not elsewhere classified |
| DECACORN CAPITAL LIMITED | 18 PANORAMIC, 152 GROSVENOR ROAD, LONDON, SW1V 3JL | 09737195 | 2018-08-31 | 3,600 | 0 | |
| WOODBURY CAPITAL LIMITED | 20 GREAT SOUTHSEA STREET, GREAT SOUTHSEA STREET, SOUTHSEA, HAMPSHIRE, ENGLAND, PO5 3BY | 08818767 | 2017-12-31 | 2,843 | 0 | |
| FOUNDATION CAPITAL LIMITED | 114 BANKSIDE LOFTS, 65 HOPTON STREET, LONDON, ENGLAND, SE1 9JL | 04879694 | 2018-08-31 | 0 | 0 | |
| ALVARIUM RE LIMITED | LEVEL 5 NOVA NORTH, 11 BRESSENDEN PLACE, LONDON, ENGLAND, SW1E 5BY | 06931299 | 0000-00-00 | 0 | 0 | |
| AUGUST EQUITY MANAGEMENT LIMITED | 10 SLINGSBY PLACE, ST. MARTIN'S COURTYARD, LONDON, WC2E 9AB | 04261261 | 0000-00-00 | 0 | 0 | |
| AUGUST EQUITY PARTNERS IV GP LIMITED | 10 SLINGSBY PLACE, LONDON, UNITED KINGDOM, WC2E 9AB | 10033090 | 0000-00-00 | 0 | 0 | |
| BGF NOMINEES LIMITED | 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU | 10007355 | 0000-00-00 | 0 | 0 | |
| BRIDGES FUND MANAGEMENT LIMITED | 38 SEYMOUR STREET, LONDON, UNITED KINGDOM, W1H 7BP | 10401079 | 0000-00-00 | 0 | 0 | |
| BUSINESS GROWTH FUND LIMITED | 13-15 YORK BUILDINGS, LONDON, ENGLAND, WC2N 6JU | 07514847 | 0000-00-00 | 0 | 0 | |
| DRAPER ESPRIT PLC | 20 GARRICK STREET, LONDON, ENGLAND, WC2E 9BT | 09799594 | 0000-00-00 | 0 | 0 | |
| ENTERPRISE VENTURES GROUP LIMITED | UNIT F26 PRESTON TECHNOLOGY, MANAGEMENT CENTRE, MARSH LANE PRESTON, LANCASHIRE, PR1 8UQ | 04161494 | 0000-00-00 | 0 | 0 | |
| ENTERPRISE VENTURES LIMITED | PRESTON TECHNOLOGY MANAGEMENT, CENTRE MARSH LANE, PRESTON, LANCASHIRE, PR1 8UQ | 03249066 | 0000-00-00 | 0 | 0 | |
| MANAGEMENT OPPORTUNITIES LIMITED | 50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, SCOTLAND, EH3 9WJ | SC118578 | 0000-00-00 | 0 | 0 | |
| MERCIA ASSET MANAGEMENT PLC | FORWARD HOUSE, 17 HIGH STREET, HENLEY IN ARDEN, WARWICKSHIRE, B95 5AA | 09223445 | 0000-00-00 | 0 | 0 | |
| NORTHEDGE CAPITAL NOMINEE LIMITED | 13TH FLOOR, NUMBER ONE SPINNINGFIELDS 1 HARDMAN SQUARE, SPINNINGFIELDS, MANCHESTER, ENGLAND, M3 3EB | 10213372 | 0000-00-00 | 0 | 0 | |
| SEP EEF GENERAL PARTNER LIMITED | 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD | SC412355 | 0000-00-00 | 0 | 0 | |
| SEP VENTURES LIMITED | 17 BLYTHSWOOD SQUARE, GLASGOW, LANARKSHIRE, G2 4AD | SC189451 | 0000-00-00 | 0 | 0 | |
| TARGET TOPCO LIMITED | TARGET HOUSE, COWBRIDGE ROAD EAST, CARDIFF, S GLAMORGAN, CF11 9AU | 07956530 | 0000-00-00 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
| Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
|---|---|---|---|---|
| MERCIA ASSET MANAGEMENT PLC | 1.2% | 4.5% | 7.0% | Medium |
| Other companies Active in the same sector | 1.6% | 5.7% | 11.5% | Medium |
| Expanded sample | 1.0% | 4.5% | 7.0% | Medium |
| Age | 0.6% | 2.5% | 4.9% | Medium |
| Company Type | 1.7% | 4.0% | 5.9% | Medium |
| Accounts category | 0.6% | 1.5% | 2.5% | Medium |
| Accounting Month | 0.5% | 1.8% | 3.9% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
VALUATION (BETA)
Valuation ratios as at 2024-03-31
| Market Cap GBP | Enterprise Value GBP | PE | EV/Revenue | EV/EBITDA | |
|---|---|---|---|---|---|
| MERCIA ASSET MANAGEMENT PLC | 144,420,000 | 68,223,300 | 29.1 | 3.0 | 2.6 |
| Investment Banking and Brokerage Services ( 62 companies) |
65,576,620,000 | 40,192,241,243 | 16.7 (median) |
1.8 (median) |
2.0 (median) |
